PT Willis Intermoda Nusantara and PT Cakrawala Prima Utama acquired 99.91% stake in PT Soe Makmur Resources, Tbk from PT SMR Utama Tbk (JKSE:SMRU) for $12.4 million on December 19, 2014. Cakrawala Prima Utama and PT Willis Intermoda Nusantara acquired 344.7 million shares. Soe Makmur Resources' cash on hand and in banks' balance amounted to $4,236. In related transaction, Mohamad Heykal and Tony Harianja acquired 99.94% stake in PT Transentra Nusantara from PT SMR Utama Tbk (JKSE:SMRU) for $1.3 million. Soe Makmur Resources's total assets exclude cash on hand and in banks amounted to $13.86 million.

PT Willis Intermoda Nusantara and PT Cakrawala Prima Utama completed the acquisition of 99.91% stake in PT Soe Makmur Resources, Tbk from PT SMR Utama Tbk (JKSE:SMRU) on December 19, 2014.